Chile’s trade balance shifted to a USD 1,208 million surplus in October 2020 from a USD 286 million deficit in the same month of the previous year. Exports jumped 12.9 percent over a year earlier to USD 5,983 million driven by higher sales of mining products (24.5 percent), in particular copper (24.1 percent); and agricultural, forestry & fishing goods (31.7 percent). In contrast, sales of manufactured products fell 4.3 percent. Imports dropped 14.5 percent to USD 4,775 million, mostly due to lower purchases of consumption goods (-9.6 percent), namely durable (-13.9 percent) and semi-durable (-20.3 percent); capital goods (-15.6 percent); and intermediate (-14.7 percent). source: Banco Central de Chile

Balance of Trade in Chile averaged 491.15 USD Million from 1991 until 2020, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Balance of Trade in Chile is expected to be 800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 700.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 700.00 USD Million in 2021 and 500.00 USD Million in 2022, according to our econometric models.

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Chile Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1208.27 886.00 2968.68 -1384.72 1991 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 12:30 PM Jul $1170M $1390M $ 1400M
2020-09-07 11:30 AM Aug $904M $1173M $ 1100M
2020-10-07 11:30 AM Sep $886M $904M $ 820M
2020-11-09 11:30 AM Oct $1208M $886M $ 920M
2020-12-07 11:30 AM Nov $1208M
2021-01-07 11:30 AM Dec
2021-02-08 11:30 AM Jan
2021-03-09 11:30 AM Feb


News Stream
Chile Trade Balance Swings to Surplus in October
Chile’s trade balance shifted to a USD 1,208 million surplus in October 2020 from a USD 286 million deficit in the same month of the previous year. Exports jumped 12.9 percent over a year earlier to USD 5,983 million driven by higher sales of mining products (24.5 percent), in particular copper (24.1 percent); and agricultural, forestry & fishing goods (31.7 percent). In contrast, sales of manufactured products fell 4.3 percent. Imports dropped 14.5 percent to USD 4,775 million, mostly due to lower purchases of consumption goods (-9.6 percent), namely durable (-13.9 percent) and semi-durable (-20.3 percent); capital goods (-15.6 percent); and intermediate (-14.7 percent).
2020-11-09
Chile Trade Surplus Widens Sharply in September
Chile’s trade surplus widened to USD 886 million in September 2020 from USD 30 million in the corresponding month of the previous year. Exports rose 3.7 percent over a year earlier to USD 5,463 million boosted by higher sales of mining products (11.3 percent), in particular copper (8.3 percent). Meanwhile, exports of manufactured (-6.6 percent) and agricultural, forestry & fishing goods (-3.7 percent) dropped. Imports declined 12.6 percent to USD 4,577 million, mainly due to lower purchases of consumption goods (-9.8 percent), of which durable (-13.4 percent) and semi-durable (-22.1 percent); capital goods (-10.5 percent); and intermediate (-14.3 percent).
2020-10-07
Chile Trade Surplus Widens in August
Chile’s trade surplus widened to USD 904 million in August 2020 from USD 252 million in the corresponding month of the previous year. Imports slumped 22.4 percent over a year earlier to USD 4,517 million, due to lower purchases of consumption goods (-27.2 percent), namely durable (-30.5 percent) and semi-durable (-36.7 percent); capital goods (-9.9 percent); and intermediate (-24 percent). Exports fell at a softer 10.8 percent to USD 5,421 million, mainly due to lower sales of mining products (-9.4 percent), of which copper (-13.4 percent); manufactured (-13.1 percent) and agricultural, forestry & fishing goods (-8.5 percent).
2020-09-07
Chile Trade Balance Swings to Surplus in July
Chile’s trade balance shifted to a USD 1,170 million surplus in July 2020 from USD 95 million in the same month of the previous year. Exports rose 2 percent over a year to USD 5,841 million, mainly driven by higher sales of mining products (19.5 percent). Meanwhile, exports fell for manufactured (-15.5 percent) and agricultural, forestry & fishing goods (-17.6 percent). Imports dropped 19.8 percent to USD 4,668 million, due to lower purchasers of consumption goods (-26.9 percent), in particular durable (-31.3 percent) and semi-durable (-37.6 percent); capital goods (-13.8 percent); and intermediate (-8.8 percent).
2020-08-07

Chile Balance of Trade
Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. The most important non mineral exports are processed food, namely salmon; fresh fruit; chemicals; cellulose & paper; forestry & wood products; metals, machinery & equipment; and wine. In 2019, the biggest trade surpluses were recorded with China and Japan while the largest trade deficits with the US, Argentina and Brazil.